Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024 August 2024 September 2024 October 2024 November 2024 December 2024 January 2025 February 2025 March 2025 April 2025 May 2025 June 2025 July 2025 August 2025 September 2025 October 2025 November 2025 December 2025 January 2026
1 2 3 4 5 6 7 8 9 10 11 12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
News Every Day |

After 7 years at McKinsey, I left to build an AI healthtech startup. I had to unlearn the pursuit of perfection.

Julius Bruch, a former McKinsey consultant, explains why he left to build an AI healthtech startup —and how consulting prepared him for the leap.
  • After about 7 years at McKinsey, Julius Bruch left to build an AI healthtech startup.
  • Bruch said leaving corporate life was scary, but consulting gave him the tools to be a good founder.
  • Every milestone at the startup feels like a massive reward because you're fighting for it, he said.

This as-told-to essay is based on a conversation with Julius Bruch, the 39-year-old cofounder and CEO of AI healthtech startup Isaac Health. It has been edited for length and clarity. Business Insider has verified his employment and academic history.

I started training in general medicine and neurology, and I've always been passionate about this area, partially because my grandmother had an atypical form of dementia. I completed my Ph.D. in dementia, focusing on the molecular aspects and drug discovery.

Coming out of the research world, I went into McKinsey because I was interested in how the healthcare system works more broadly and how the different parts fit together. During my seven-and-a-half years at McKinsey, I worked with payers, health systems, and state governments on value-based care, chronic condition management, and digital health.

I left in 2021 because I wanted to move on and put things into practice. I felt like I had seen and learned it, and it became a decision between becoming a career consultant or seeing myself as someone who wanted to build something innovative.

How consulting prepared me to be a startup founder

Consulting was a fantastic training opportunity. I learned a lot about how the healthcare system works, how different parts work together, and how to structure a problem. I would say it was the best possible preparation for being a founder that you can think of.

The relationships I built — both inside the firm and with clients — have been a key success driver for the business. It means you know who to reach out to, people at payers you can problem-solve with, and some initial contact points for fundraising. The alumni network is strong.

You also train your analytical thinking and problem-solving approach. Starting a company feels like a consulting engagement — you're interviewing a lot of people, trying to solve a problem, and building a solution. Eventually, it outgrows that, but the thinking that there's always a way to solve something comes from that analytical training.

The main thing to unlearn from consulting was the pursuit of perfection. A startup needs to be able to move fast with scrappy pragmatism. The other thing I had to unlearn was always giving in to clients. As a startup founder, you learn quickly where boundaries need to be set.

Losing the structure of corporate life was hard, but I've learned to enjoy it

Initially, it felt a bit like: What am I doing? Am I just playing around?

Starting a business was a bit of a dream, but not something I was going to do at any cost.

I definitely lost some sweat over making the decision. I told myself I would give it three months. After those three months, there was enough traction to make it work and continue moving forward.

Startup life is a lot less structured, and you have to be comfortable with that.

Every major milestone feels like a massive reward because you're fighting for it. It's not like things just run smoothly and that's it. Every client you get, every revenue milestone, and any external recognition is hard-fought for.

In August, our startup raised $10.5 million in Series A funding, bringing the company's total funding to $16.3 million. It feels great for a day — you realize that more investment also means higher expectations and that the goal posts have moved.

Challenges of startup life

Every startup faces challenges, like scaling. We have a service component, so there are always people involved as we grow, and that comes with difficulties. You have to hire, find the right talent, and keep changing the processes, because the way things work for a team of four people doesn't work for a team of 60 or 70.

Jumping into a startup also means being open to flexibility. You have to be able to wear multiple hats and jump in where needed.

Many people come in quite timidly. They want to work within their scope and be trained on the job. But you really have to create everything from scratch, like workflows. It requires a lot of creativity and problem-solving. Sometimes, I could have acted faster on certain things or signals.

Go with the science and find a cofounder who is deeply rooted in the subject matter. I see a lot of startups that are a little bit obvious or built on very standard, replaceable models without a major moat. It's important to make sure you are cutting-edge.

Do you have a story to share about becoming an AI startup founder? Contact this reporter at cmlee@insider.com.

Read the original article on Business Insider
Ria.city






Read also

Red Sox Reportedly Feel ‘Real Disappointment’ Over Alex Bregman Exit

Jerome Powell claps back at Trump's 'unprecedented' investigation: 'Ongoing pressure'

Who Are the Golden Globes Announcers? Social Media Reacts to Live Awards Commentary

News, articles, comments, with a minute-by-minute update, now on Today24.pro

Today24.pro — latest news 24/7. You can add your news instantly now — here




Sports today


Новости тенниса


Спорт в России и мире


All sports news today





Sports in Russia today


Новости России


Russian.city



Губернаторы России









Путин в России и мире







Персональные новости
Russian.city





Friends of Today24

Музыкальные новости

Персональные новости